Bankruptcy News

Valley Forge Composite Technologies Chapter 11 Petition Filed

October 9, 2013

Valley Forge Composite Technologies filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Middle District of Pennsylvania, case number 13-05253. The Company, which produces technology products, is represented by Maurice R. Mitts of Mitts Milavec. According to documents filed with the SEC, on October 14, 2013 Evan Levine was elected as chairman, following the resignation of Larry K. Wilhide from that role - and also following the resignations of Richard Relac, Eugene Breyer, Dr. Victor Alessi and Raul Fernandez. On the same date, Wilhide also resigned as interim president, interim chief executive officer and chief financial officer. Valley Forge Composite Technologies further announced its board’s recent affirmation of the Company’s decision to suspend all efforts related to its photonuclear detection system project, known as “THOR.” The Company explains, “When we review the objections of other nuclear systems for commercial application, we find that this system does not obviously improve upon their faults. Therefore, with the data we currently have, we believe substantial investment is required and the probability of success appears low.”

Learn George Putnam's Turnaround Secrets

Turnaround Investing Blog

With nearly $180 billion in assets under management, “activist” investment funds have become a powerful force in the capital markets: Nearly 40% of companies in the S&P 500 attracted activist attention in recent years. According to Activist Insight, 320 companies in the U.S. experienced an activist campaign in just the first half of 2017; but who, exactly, are these activists, what are they after, and what role do they collectively serve?
Read More.

Market-Beating Profit: The 200+ Club

Turnaround stocks present a unique opportunity for savvy investors to buy in at bargain prices. Take a look at this list of just a few of our purchase recommendations that have realized a return rate of 200% or better:

* Bristow remains in our active portfolio (currently as a Hold), and 1,390% gain is as of 7/19/17.

Five Struggling Stocks That Will Turn Around

x

Kiplinger points out that despite the post-election stock market surge, not all stocks have benefited from the uptick: "More than 100 issues in the S&P 500 have fallen in price this year, including dozens that have slumped by more than 10%....Yet these stocks won’t all stay in the dumps forever. Some will mount a comeback in 2017, making it an opportune time to try to identify the best candidates."

Quoting George Putnam, Kiplinger details five value opportunities for the new year.